China Citic Bank dares tier two after ICBC

China CITIC Bank International will embark on investor meetings to sell Asia’s second Basel III-compliant tier two after ICBC (Asia) took the plunge in the beginning of the month and saw its outstanding bonds trade wider in secondaries.

  • By Frances J. Yoon
  • 25 Oct 2013


The bank has mandated BBVA, HSBC, Goldman Sachs and Royal Bank of Scotland to arrange investor meetings for its first Basel III bond in Hong Kong on Monday, Singapore on Tuesday and London on Wednesday.

ICBC (Asia)’s tier twos had a non-viability trigger that can force a writedown ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 28.62
2 CITIC Securities 21.06
3 China CITIC Bank Corp 9.72
4 China Merchants Bank Co 9.18
5 Industrial and Commercial Bank of China (ICBC) 7.56

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 China International Capital Corp Ltd 547.16 2 7.41%
2 UBS 502.73 3 6.81%
3 Huatai Securities Co Ltd 473.03 3 6.40%
4 Guoyuan Securities Co Ltd 455.81 2 6.17%
5 CITIC Securities 427.90 3 5.79%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Goldman Sachs 2,599.47 7 4.71%
2 JPMorgan 2,296.98 4 4.17%
3 HSBC 2,043.19 16 3.71%
4 Citi 1,616.13 10 2.93%
5 Credit Suisse 1,381.91 7 2.51%

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